TransactionA transaction is a record of an event that occurred in the past. Transactions typically occur during the course of... Read More verification ensures that a transaction is legitimate, unaltered, and confirmed by a third party. Transaction verification includes checking the validity of a transaction’s signature, input values, and output values. There are two ways to verify transactions: a direct examination of the blockchainAs a distributed ledger technology (DLT), a blockchain is a digital ledger that can create an immutable record of transactions.... Read More or using external services that provide verified data from the blockchain. In general, transactions must be valid to be included in a blockA block is a specific type of construct in a blockchain that stores transactional information blocks typically contain transaction information... Read More and added to the blockchain. Invalid transactions (known as “orphaned” or “stale” blocks) may exist on the network, but they will not be considered part of the official chainA chain is a linear sequence of data blocks. Each block contains a cryptographic hash of the previous block and... Read More.
